Austria 1916 2 Heller

The First World War brought severe economic difficulties, which also affected the coinage. Production of silver and gold coins stopped and iron began to be used instead of bronze and nickel for the heller denominations. Franz Jozef died in 1916 and was succeeded by his brother’s grandson Karl, who ruled until the Monarchy broke up at the end of the war. The only coins produced in large numbers during his reign were small heller denominations, and these do not bear the name or portrait of the monarch.